Steak ‘n Shake Increases Bitcoin Exposure to $15 Million, Expands Strategic Reserve
Steak ‘n Shake increases its bitcoin exposure by $5 million, raising the Strategic Bitcoin Reserve to $15 million.
By early 2026, cryptocurrency regulation has moved from speculative risk to operational reality. Regulatory frameworks across the United States, Europe, and parts of Asia are no longer emerging concepts but enforceable systems influencing capital flows, product design, and market participation.
Bitcoin has been compressed within a clear range between $80.5K and $95K for 73 days now.
January 28, 2026, 8:28 amThe Bitcoin price is under increasing pressure ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting, which has historically corresponded with big price movements in the market’s largest cryptocurrency. Rate Cut Odds Fade The Federal Reserve (Fed) is widely expected to leave interest rates unchanged at this meeting.
January 28, 2026, 8:00 amSteak ‘n Shake increases its bitcoin exposure by $5 million, raising the Strategic Bitcoin Reserve to $15 million.
Neither the Bitcoin Rainbow Chart nor the Pi Cycle Top indicator has fired a top signal this cycle.
Crypto prices steadied as traders looked past short-term volatility with positioning shifting to the Fed, megacap earnings and a weakening dollar.
Bitcoin’s latest rebound has been unusually weak. After dipping to the $85,970 zone, the Bitcoin price bounced just 4% before stalling near $89,380. That BTC price move came despite fresh ETF headlines and signs of technical stabilization. The problem is timing.
The latest proposal closely mirrors House Bill 1202, which was introduced during the 2025 legislative session.
South Dakota lawmaker revived the HB 1155 bill, allowing the state investment council to purchase Bitcoin.
USDC leads the decline in the market cap of top stablecoins, posing risk to crypto market valuations.
Reports note that Bitcoin holders realized large losses as prices slid, and the headline number is hard to ignore. According to on-chain tracker CryptoQuant, about $4.5 billion in net losses was recorded on January 23.
The US Dollar Index (DXY) fell below 96 for the first time since early 2022, losing a 15-year support line that anchored dollar strength since 2011. This key breakdown comes amid President Donald Trump’s latest remarks and a combination of macroeconomic factors.